Why the AI Boom Could End Like the Dot-Com Bubble, Contrarian Investing & Finding Multi-baggers | Prashant Khemka, WhiteOak Capital on The India Opportunity Show with Shrishti Sahu
Manages over $12 Billion Dollars and has a unique global point of view!
Hello everyone, welcome to The India Opportunity Show where you get a front-row seat to people building India’s future. We talk about unlocking the potential of the country with founders, investors, creators, and successful leaders from different fields to bring you real-life stories and behind-the-scenes of what it takes to be at the forefront of building the India Story.
Episode 5, Season 4 of The India Opportunity Show is out now! You can watch it on YouTube or listen on Spotify or Apple Podcasts.
Our guest today is Prashant Khemka is the Founder and CIO of WhiteOak Capital, an investment firm managing over $12 billion in assets. Before founding White Oak, he spent 17 years at Goldman Sachs, where he served as CIO, managing investments across US equities and emerging markets. He is widely respected for his disciplined, long-term approach to investing and stock selection. We talk about his contrarian takes, views on the AI trade, learnings from 3 decades in the markets and his unique global point of view.
Hope you enjoy watching!
Chapters:
00:00:00 Introduction
00:01:12 Why Prashant Khemka Left Goldman Sachs After 19 Years
00:03:01 What's Your Global View on AI, India & US Markets?
00:09:05 Is the AI Rally Becoming Another Dot-Com Bubble?
00:13:05 How Should Investors Think About Alpha Generation?
00:19:35 Can Challenger Companies Beat Market Leaders?
00:21:14 How Do You Identify a Great Business?
00:30:42 2022: The Worst Year of Your Investing Career
00:33:46 What Changed After Your Biggest Investing Mistake?
00:35:55 How Should Investors Balance Their Portfolio?
00:36:53 Should You Invest in Defence, Power & AI?
00:38:39 How Do You Train Yourself to Think Contrarian?
00:40:31 How Did You Handle Clients During Underperformance?
00:49:18 Are India's Hottest Sectors Already Overpriced?
00:50:56 How Do You Train Yourself to Take Contrarian Bets?
00:56:51 Can Anyone Really Time the Market?
01:00:49 Should Investors Care About Macro News?
01:04:03 India vs US vs China: Where Is the Real Alpha?
01:09:56 Should Founders Build in India or the US?
01:13:55 Final Advice for Investors & Founders
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Disclaimer: The content presented in this podcast is for informational purposes only and should not be considered financial advice. Viewers are encouraged to conduct their own research and consult with a qualified financial advisor before making any investment decisions.